-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SG+PtnLwuGsW2Dar1NuSBzqwKsibh+2zB9DjXg/Bm0fhQ2AS4S5Zyo4a8I7DD/d6 h+PcmdYoVNSDLSflezvW3w== 0001321543-05-000214.txt : 20051110 0001321543-05-000214.hdr.sgml : 20051110 20051110165450 ACCESSION NUMBER: 0001321543-05-000214 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20051108 FILED AS OF DATE: 20051110 DATE AS OF CHANGE: 20051110 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: LINENS N THINGS INC CENTRAL INDEX KEY: 0001023052 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-HOME FURNITURE, FURNISHINGS & EQUIPMENT STORES [5700] IRS NUMBER: 223463939 STATE OF INCORPORATION: DE FISCAL YEAR END: 0101 BUSINESS ADDRESS: STREET 1: 6 BRIGHTON RD CITY: CLIFTON STATE: NJ ZIP: 07015 BUSINESS PHONE: 9737781300 MAIL ADDRESS: STREET 1: 6 BRIGHTON RD CITY: CLIFTON STATE: NJ ZIP: 07015 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Kaupthing Bank hf. CENTRAL INDEX KEY: 0001342241 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-12381 FILM NUMBER: 051194606 BUSINESS ADDRESS: STREET 1: BORGARTUN 19 CITY: REYKJAVIK STATE: K6 ZIP: IS 105 BUSINESS PHONE: (212)457-8700 MAIL ADDRESS: STREET 1: 230 PARK AVENUE STREET 2: SUITE 1528 CITY: NEW YORK STATE: NY ZIP: 10169 4 1 gfs02093-form4_ex.xml X0202 4 2005-11-08 0 0001023052 LINENS N THINGS INC LIN 0001342241 Kaupthing Bank hf. BORGARTUN 19 REYKJAVIK K6 IS-105 ICELAND 0 0 1 0 Common Stock 2005-11-08 4 P 0 40000 25.8 A 5593100 D Common Stock 2005-11-08 4 P 0 150000 25.82 A 5743100 D Common Stock 2005-11-08 4 P 0 60000 25.9841 A 5803100 D Common Stock 2005-11-08 4 P 0 20000 25.985 A 5823100 D Common Stock 2005-11-08 4 P 0 20000 25.9537 A 5843100 D Common Stock 2005-11-08 4 P 0 20000 25.95 A 5863100 D Common Stock 2005-11-08 4 P 0 50000 25.95 A 5913100 D Common Stock 2005-11-08 4 P 0 40000 25.95 A 5953100 D Common Stock 2005-11-08 4 P 0 46900 25.9998 A 6000000 D Common Stock 2005-11-09 4 P 0 16000 26 A 6016000 D Common Stock 2005-11-09 4 P 0 4000 26.01 A 6020000 D Common Stock 2005-11-09 4 P 0 5000 26.05 A 6025000 D Common Stock 2005-11-09 4 P 0 1000 26.08 A 6026000 D Common Stock 2005-11-09 4 P 0 18000 26.09 A 6044000 D Common Stock 2005-11-09 4 P 0 105400 26.1 A 6149400 D Please see Exhibit 99.1 attached. /s/ Magnus Lejdstrom, POA 2005-11-10 EX-99.1 2 ex99-1.htm Exhibit 99.1

Exhibit 99.1

The shares (the “Shares”) listed on Table I were purchased by Kaupthing Bank hf. (“Kaupthing”) in accordance with certain Agreements, by and between Kaupthing and Lagerinn ehf (“Lagerinn”), (the “Equity Swap Agreements”). Kaupthing has purchased and holds the Shares pursuant to the Equity Swap Agreements. Lagerinn has the right at any time to close out the Equity Swap Agreements and purchase the Shares. Kaupthing shall hold the Shares until the earlier of (i) April 5, 2006 and (ii) such earlier date as Lagerinn closes the swap agreement and purchases the Shares (the “Closing Date”). On the Closing Date, Lagerinn is obligated to purchase the Shares from Kaupthing pursuant to the Equity Swap Agreements. Lagerinn has the exclusive right to direct Kaupthing to vote and dispose of the Shares. Pursuant to the Equity Swap Agreements, Lagerinn bears the economic risk and benefit of the Shares. If Lagerinn does not purchase the Shares by April 5, 2006, Kaupthing has the right to dispose of the Shares as it sees fit and shall pay to Lagerinn, with respect to the Shares purchased pursuant to each Equity Swap Agreement, the increase in value of such Shares from the date of such Equity Swap Agreement (subject to certain offsets for fees and brokerage commissions). In the event that Lagerinn does not purchase the Shares by April 5, 2006 and the Shares decrease in value, Lagerinn shall pay to Kaupthing, with respect to the Shares purchased pursuant to each Equity Swap Agreement, the amount of the decrease in value of such Shares from the date of such Equity Swap Agreement (together with certain fees and brokerage commissions). The foregoing discussion of the Equity Swap Agreements is qualified in its entirety by reference to the statement on Schedule 13D filed on September 22, 2005 relating to the common stock, $0.01 par value per share, of Linens ‘n Things, Inc., a Delaware corporation (the “Schedule 13D”), as amended by Amendment No. 1 to the Schedule 13D filed on September 27, 2005 and Amendment No. 2 to the Schedule 13D filed on October 25, 2005, and further amended by Amendment No. 3 to the Schedule 13D filed on November 10, 2005, filed by Kaupthing, Lagerinn, Jákup á Dul Jacobsen and TF Holding P/F.

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